Financial Avenue Offers New Platform, Program App

Press Release
Financial Avenue Offers New Platform, Program App

Lincoln, Neb. (January 18, 2023)Inceptia is proud to share the full launch of Financial Avenue enhanced on the Canvas Learning Management System (LMS). The migration to the new platform combines the best in higher-education platforms with Financial Avenue’s best-in-class approach to financial wellness and education.

 

Originally launched in 2010, Financial Avenue is now in its third iteration, having previously been redesigned in 2015. This most recent upgrade exemplifies Inceptia’s commitment to continual improvement.

 

“We are always keeping an eye on innovation when it comes to Financial Avenue, and not just in regard to content,” says Carissa Uhlman, vice president of student success at Inceptia. “If there’s a better way to connect with students and deepen the learning, we want to explore that. So with the increase in Canvas utilization throughout the pandemic, we realized it was a natural fit to become the new home for our program. Student comfortability with the platform translates to increased ease with Financial Avenue uptake.”

 

Aside from the widespread familiarity with Canvas, clients also benefit from added features like course gradebooks, analytics, and increased customization options like uploading module resources, or creating assignments or discussions.

 

A corresponding program app also provides an opportunity to meet students where they are, according to Uhlman. “We knew the demand was there – we listened, and we took action. We’re proud to now offer Financial Avenue via the Canvas Student app, and we’re excited for the opportunity to put financial education in the hands of even more students.”

 

This new version of Financial Avenue continues to offer resources clients have come to rely on, including self-service reporting options, marketing and educator toolkits, and ten highly acclaimed content modules that holistically address personal financial wellness. Inceptia plans to increase their course catalog in 2023 with client-requested content pertaining to new student orientation, taxes, entrance and exit counseling, and more.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development. Learn more at inceptia.org.

Public Service Loan Forgiveness Toolkit Offers Free, Uncomplicated Information

Press Release
Public Service Loan Forgiveness Toolkit Offers Free, Uncomplicated Information

Lincoln, Neb. (September 13, 2022)Inceptia is proud to share the release of free Public Service Loan Forgiveness (PSLF) resources on Inceptia.org designed to help borrowers better understand PSLF and determine if they qualify for forgiveness. This is a timely resource with emphasis on the temporary, limited PSLF waiver allowing borrowers to receive credit for past periods of payment made under any repayment plan and nearly and Federal loan type that expires October 31, 2022.

 

The PSLF Toolkit includes an overview video of PSLF, and also breaks the process down into easier-to-understand sections, including a section on the one-time limited waiver. With a flyer that can be posted, emailed, or handed out, and links to the key pages on studentaid.gov, the toolkit offers a consumable approach to a potentially complicated process. The PSLF Toolkit is the newest in free resources to help student loan borrowers manage their financial future through repayment success.

 

Dave Macoubrie, EVP and COO at Inceptia, believes communication is the key to student engagement and helping borrowers help themselves. “PSLF, public service loan forgiveness, is an underutilized opportunity to provide debt relief to those who have used their education to give back to the community. Especially with the Temporary PSF Waver deadline fast approaching, we want to help schools get the word out to their students in an uncomplicated way, with explanations, to-dos and links in one place. The PSLF Toolkit does just that and continues our mission in reducing the barriers to brighter financial futures.”

 

As part of Inceptia’s nonprofit mission, this toolkit is a free resource for students, college educators, counselors, coaches, and mentors, as well as other nonprofit organizations that assist students and families in financial wellness.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development. Learn more at inceptia.org.

2022 Great Advice for Parents Offers Financial Aid, Pandemic Guidance

Press Release
2022 Great Advice for Parents Offers Financial Aid, Pandemic Guidance

Lincoln, Neb. (September 7, 2022) – Inceptia is proud to announce the release of Great Advice for Parents 2022. The seventh edition of this annual free e-guide continues the tradition of presenting high school students and families with the information needed most to make critical college, financial aid, and career decisions.

 

Aside from the continued focus on the FAFSA and navigating the financial aid process, this year’s edition also examines setting realistic expectations for low-paying majors, and drawing the line financially for parents or guardians.

 

Carissa Uhlman, vice president of student success at Inceptia, believes this year’s guide is a sign of the times. “The past few years have been a time of massive change due to the pandemic, with much discussion around online learning, gap years, and loss or reduction of income. Now, we are seeing many families having tough discussions brought on by rising college costs and inflation, as well as the changing landscape of student loan debt and forgiveness. We’ve been listening, and we picked this year’s content based on that feedback.”

 

Through a continued partnership with NerdWallet and their personal finance experts, this year’s Great Advice for Parents features timely articles that include:

  • Balancing Hopes, Dreams and a Low-Paying College Major
  • Pay for Your Kid’s College? 3 Times to Think Twice
  • 7 Options if You Didn’t Receive Enough Financial Aid

 

As part of Inceptia’s nonprofit mission, this guide is a free resource for high school and college educators, counselors, coaches, and mentors, as well as other nonprofit organizations that assist students and families in preparing for college. It is available for free download or shared with students and families via our downloadable Great Advice for Parents flyer.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development. Learn more at inceptia.org.

 

ABOUT NERDWALLET
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the U.S., UK and Canada.

 

“NerdWallet” is a trademark of NerdWallet, Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners.

Traditional finance advice gets a modern update with 2022 “Great Advice for Grads”

Press Release
Traditional finance advice gets a modern update with 2022 “Great Advice for Grads”

Lincoln, Neb. (March 28, 2022) – The 2022 edition of “Great Advice for Grads” includes timely tips on loan repayment, inflation, Tik Tok investing, and more.

 

The free e-guide, now in its ninth edition, is an annual tradition for Inceptia and personal finance site and app NerdWallet. Through this collaborative partnership, “Great Advice” compiles the most trustworthy and knowledgeable advice from NerdWallet’s expert writers to help students transition to post-college life and finances.

 

“As a nonprofit, it’s in our mission to promote financial wellness for students at every step of the educational journey. ‘Great Advice’ is just another piece of that,” says Carissa Uhlman, vice president of student success at Inceptia. “We always try to anticipate what students will need to know most at graduation, even if they don’t know what questions to ask yet. We hope ‘Great Advice’ provides answers that they can come back to long after they get the degree.”

 

To address those many unknowns, the 2022 edition of Great Advice for Grads covers tried and true topics with a current spin:

  • If a Stranger Offers You Student Loan Forgiveness, Hang Up
  • How to Handle Mixed-Income Friendships
  • How to Protect Your Spending Power from Inflation
  • The 5 Worst Investment Tips on TikTok

 

“Great Advice for Grads 2022” is available now as a free download for students, parents, educators and all others who advocate for student financial wellness.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development.

 

ABOUT NERDWALLET
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life's financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the US, UK and Canada. For more information, visit NerdWallet.com.

 

"NerdWallet" is a trademark of NerdWallet Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners.

2021 Great Advice for Parents Offers Financial Aid, Pandemic Guidance

Press Release
2021 Great Advice for Parents Offers Financial Aid, Pandemic Guidance

Lincoln, Neb. (August 31, 2021) – The sixth edition of Inceptia’s e-guide, Great Advice for Parents, is now available. This free resource provides expert information and tips for high school families as they plan for college and beyond.

 

The guide is the result of Inceptia’s partnership with personal finance site NerdWallet, with this year’s focus on making admissions and financial aid decisions in a continuing pandemic.

 

“We know we can’t predict what college will be like in the fall of 2022, but we can share what we learned over the last year to help students understand the big picture,” says Carissa Uhlman, vice president of student success at Inceptia.

 

“It’s no longer as simple as completing a FAFSA and choosing the best-fit school. Now, students may be considering a gap year, or a financial aid appeal, or they may choose to prioritize a college’s health and wellness services above all else. Today’s high school students have much bigger considerations than ever before and we’re proud that this year’s guide addresses these challenges head-on.”

 

The 2021 edition of Great Advice for Parents covers these topics and more, with articles like:

  • 5 Things to Consider When Picking a College in the COVID-19 Era
  • The FAFSA Opens In October: Why You Should Apply ASAP
  • How to Get a Professional Judgment for Financial Aid

 

As part of Inceptia’s nonprofit mission, this guide is a free resource for high school and college educators, counselors, coaches, and mentors, as well as other nonprofit organizations that assist students and families in preparing for college. It is available for free download or shared with students and families via our downloadable Great Advice for Parents flyer.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development.

 

ABOUT NERDWALLET
NerdWallet is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with personalized, unbiased advice so they can make smart money moves. From finding the best credit card to buying a house to investing their next dollar, and more, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content, tools and tailored advice that help them stay on top of their finances, and save them time and money, giving them the freedom to do more. For more information, visit NerdWallet.com.

Inceptia Welcomes Butler as Vice President of Financial Aid Services

Press Release
Inceptia Welcomes Butler as Vice President of Financial Aid Services

Cynthia Butler joins Inceptia to further Innovate Solutions

Lincoln, Neb. (June 15, 2021) – Inceptia welcomes Cynthia Butler as the Vice President of Financial Aid Services to continue its mission helping students and schools navigate financial aid and pay for college.

 

“Butler brings with her a wealth of financial aid and enrollment knowledge that will help Inceptia bring new solutions to the marketplace. In her previous role as the Executive District Director of Financial Aid at Dallas County Community College District, Butler advocated for student success and helped move the institution forward with innovative ideas and solutions,” says Sue Downing, Senior Vice President, at Inceptia.

 

With a long history and diverse background in higher education including Title IV financial aid administration, school operations, consulting, marketing, and business development, joining Inceptia is another way for Butler to tackle the challenges faced by higher education institutions. Butler’s leadership and drive to be involved, shows with her active membership in NASFAA, TASFAA, and SWASFAA.

 

“I understand financial aid from first-hand school experiences of my own. My experience in consulting to help schools find ways to streamline processes and help alleviate their pain points so they can get to the core of their work is what really drives me. Inceptia is giving me the opportunity to address those pain points through developing new solutions that help schools and students successfully move forward,” says Butler.

 

As Vice President of Financial Aid Services, Butler will recommend and deliver products supported through a strong operational infrastructure and work flow to enhance Inceptia’s financial aid management solution.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in helping students learn how to pay for college, navigate financial aid, borrow wisely, and resolve their student loan repayment challenges. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.

Join Inceptia & NerdWallet #GradChat21

TweetChat
Join Inceptia & NerdWallet #GradChat21 on Thursday, April 22 at Noon ET!

Anna HelhoskiWe’ve got so much Great Advice for Grads that we’re taking it to Twitter for everyone to participate! With guest expert Anna Helhoski from NerdWallet, we’ll be answering the most pressing questions graduating students may have about student loans, career prep and more – and we want YOU to add your expert guidance to the discussion!

Invite your students to join in, and chime in with your own thoughts, questions, or advice! DM @Inceptia with any questions.

 

Topic: Great Advice for Grads

When: Thursday, April 22 2021 @ Noon ET

Where: Twitter follow hashtag #GradChat21 or @Inceptia

Guest: @AnnaHelhoski from NerdWallet

  1. How soon will I need to start paying my student loans after I leave school?
  2. What is the best advice for saving on interest on my student loans?
  3. What student loan forgiveness programs are available to recent graduates?
  4. Should I hold off on paying my student loans until the Biden administration announces loan forgiveness?
  5. Should students consider enrolling in graduate school, take a gap year, or look for a job?
  6. What payment options are best for students who are still unable to find a job after college?
  7. I heard interest rates are low right now, should I refinance my student loans?
  8. I currently have a lot of credit card debt. Should I prioritize paying that off or my student loans?
  9. What advice do you have for students interviewing for jobs from their homes?
  10. What resources are available to help college graduates learn more about student loans?

Insight Newsletter – April

 
Insight Newsletter
April 1, 2021
Inceptia Releases Findings of Student Finance, Pandemic Effects Survey

Inceptia continues to examine student financial behaviors with the newly released “State of Student Finances 2021: Multiyear Comparisons and Pandemic Effects.”

Expanding on our original research from 2018, this new data is based on over 65,000 student surveys from across the country over an almost three-year period. Not only does this snapshot allow for a year-over-year comparison, but the data also reveals the real-time effects of the pandemic on behavioral shifts:

  • A 10% increase in those with fully-funded emergency savings
  • A 12% jump in obtaining credit reports
  • A six percent increase in calculating retirement needs

For more findings and recommendations on how to interpret the research, click here for the research brief. You may also watch our webinar recording.


Students are responding to the pandemic’s financial uncertainty by seeking out information – meet their needs with Financial Avenue, Inceptia’s online financial education program. With courses like Foundations of Money, Credit and Protecting Your Money, and Spending and Borrowing (and more!), we are a one-stop resource for student financial empowerment. Request more information here.


Chart a New Course with Financial Avenue

NEFE recently announced that their financial literacy program, CashCourse, will be retired at the end of the current academic year. For the colleges and universities relying on this program to fulfill their financial education goals, Inceptia invites you to explore our program, Financial Avenue, as your new financial education curriculum.

Learn more about Financial Avenue:

Special pricing will be available to those who purchase Financial Avenue by July 31, so please contact us today to make the switch. We look forward to working with you in finding a new solution to meet your financial education needs.


Connecting the FAFSA Dots

We know summer melt is a reality – that time between high school graduation and the fall semester, or the spring and fall semesters when students who have otherwise completed most major hurdles to get or return to college mysteriously fall off the radar. It could be just one incomplete task that throws a student off course.

According to NCAN research, the first roadblock is that many of these students may not even know that the FAFSA is an option, usually because they:

  • Are first-gen college-goers and/or may go to a school that lacks resources to provide this information.
  • Have the misconception they are not eligible for aid because of their credit.
  • Think aid only consists of loans and they are averse to taking on debt.
  • Think the FAFSA is too complicated.

What it really comes down to for most of the 45% of non-filers is that they are lacking FAFSA education. For the 2021 high school class, FAFSA completion is still down 8.2% from last year.

Promoting the benefits of early FAFSA completion is a purposeful connection to make with your students so they know it’s an option. Completion then leads to awarding financial aid, answering more in-depth questions, allowing time for school decisions and planning, and verification if they should be chosen. Learn more about FAFSA Completion Outreach.


Connecting with Students to Impact Decision Making

Connecting with students during critical decision-making times can be the difference between if, when, and how they take their next steps in their educational career. Proactive outreach solutions can help you reduce melt and student anxiety while promoting school connections and enrollment. To give you a head start, we’ve developed targeted outreach plans to help you deliver specific messages to your students and prospective students depending on where they are in their college career.

  • New & Returning Students – Communicate reminders of important next steps and deadlines.
  • Withdrawn Students – Encourage return, determine intent and gather data.
  • Verification Completion – Emphasize the importance of verification completion and answer questions.
  • Summer School Attendance – Promote benefits of summer school attendance.
  • FAFSA Completion – Nudge for earlier completion, answer questions and provide tools.


It’s National Financial Literacy Month!

Help your students make smart money moves with these free resources.

2021 Edition of “Great Advice for Grads” Focuses on Resiliency, Adapting

Great Advice for Grads” is our annual free e-guide developed collaboratively with the personal finance site NerdWallet to provide timely information to help graduating students navigate financial and career choices.

While these topics have been central to previous editions of the e-guide, this year’s publication is sensitive to the unique questions and struggles students may currently face.

The 2021 “Great Advice for Grads” focuses on adapting and strategy, covering topics such as:

  • Strengthen Your Financial Resilience With These 3 Insights
  • How to Handle College Loan Debt as an Unemployed Recent Grad
  • 4 Expert Tips to Get Hired From Home
  • 6 Great Recession Money Lessons That Still Apply Today

As part of our non-profit philanthropic mission, Inceptia makes “Great Advice” available as a free download for students, families, educators and all others who advocate for student financial education.

Upcoming Webinars
Wednesday, April 14 · 12:00 p.m. CT
Explore proven strategies for promoting FAFSA completion, and the free, turnkey resources available to build a comprehensive communication plan. We’ll also hear a case study from the State University of New York System regarding best practices for FAFSA outreach and what works (and doesn't!) when hosting events.
Join us for a TweetChat
Thursday, April 22 · 11:00 a.m. CT
Alongside NerdWallet, we share our best advice for college graduates! We'll cover everything you need to know about student loan repayment, loan forgiveness, refinancing, grad school, and more! Join us by using #GradChat21 or follow along with @Inceptia.
Wednesday, April 21 · 11:00 a.m. CT
For students preparing to graduate, don’t plan to return to school, or will drop below half-time enrollment, we encourage you to invite them to this student-centered session. We will cover the basics of student loan repayment, share exit counseling concepts and leave time for questions that will be answered by an expert.
The More You Knowl Site
We’ve taken the best of our videos, calculators, tutorials and more to create a one-stop-shop for jumpstarting the personal finance journey

We'll "See" You There

Though some conferences* have moved to in-person this season, many remain virtual and despite the setting, we want to talk with you! Check out the shows our Business Development Team will be by clicking their name for show dates, details, and resources.


*Dates subject to change at the discretion of the conference.

We're looking for your opinion!
With the passage of the recent COVID stimulus package, do you need help contacting your students about the importance of utilizing potential HEERF funds if they have outstanding balances/noting implications due to leaving college with money owed? If yes, we’d like to hear from you. Click here to have a team member get in touch with you.

 

2021 Edition of “Great Advice for Grads” Focuses on Resiliency, Adapting

Press Release
2021 Edition of “Great Advice for Grads” Focuses on Resiliency, Adapting

Lincoln, Neb. (April 6, 2021) – Now in its eighth year, Inceptia announces the release of the 2021 edition of “Great Advice for Grads.” The free e-guide provides timely information to help graduating students navigate financial and career choices.

 

“Great Advice” is the product of a collaborative relationship with the personal finance site NerdWallet, featuring content from the site’s expert money authors regarding student loans, building strong financial habits, and career development.

 

While these topics have been central to previous editions of the e-guide, this year’s publication is sensitive to the unique questions and struggles students may currently face.

 

“We would be doing a disservice to graduates if we didn’t address the challenges of graduating in the time of COVID,” says Carissa Uhlman, vice president of student success at Inceptia. “They are very real concerns that deserve our acknowledgement. So it was important this year to include information on the ‘what ifs’: what if I can’t pay my loans, what if I can’t get a job, etc. The result is a compassionate, informed guide to help graduates develop a plan to move forward in times of uncertainty.”

 

With that in mind, the 2021 Great Advice for Grads focuses on adapting and strategy, covering topics such as:

  • Strengthen Your Financial Resilience With These 3 Insights
  • How to Handle College Loan Debt as an Unemployed Recent Grad
  • 4 Expert Tips to Get Hired From Home
  • 6 Great Recession Money Lessons That Still Apply Today

 

As part of our non-profit philanthropic mission, Inceptia makes “Great Advice” available as a free download for students, families, educators and all others who advocate for student financial education.

 

Download or share Great Advice for Grads 2021 at inceptia.fyi/GA4G21. Marketing materials are available at inceptia.fyi/GA4G21Flyer.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in illuminating a path towards educational and financial success for students and families, allowing them to pursue their dreams of reaching their full potential. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time delivering meaningful learning experiences across the student lifecycle that fosters education and personal development.

 

ABOUT NERDWALLET
NerdWallet offers consumers clarity for all of life’s financial decisions. Whether it’s credit cards, insurance, student loans or investing, people lack the clear, unbiased information they need to make the best choice. With NerdWallet, consumers have free access to user-friendly tools and advice that save time and money, and give them the freedom to do more. NerdWallet is based in San Francisco and employs more than 440 Nerds. For more information, visit nerdwallet.com.

Inceptia Releases Findings of Student Finance, Pandemic Effects Survey

Press Release
Inceptia Releases Findings of Student Finance, Pandemic Effects Survey

Lincoln, Neb. (March 8, 2021) – Inceptia, a nonprofit illuminating a path toward financial success for students and families through higher education, releases the second publication in an ongoing research project regarding college students’ financial behaviors, The State of Student Finances 2021: Multiyear Comparisons and Pandemic Effects.

 

With over 65,000 college student surveys completed across a nearly three-year time span, this research is a continuation of the original 2018 study, tracking how behaviors have shifted over time. The assessment also provides fascinating insight regarding the rapid shift in behaviors with the arrival of COVID-19 in early 2020.

 

“We have been conducting this survey since 2016, so we had a great baseline of student financial behaviors leading up to 2020,” says Carissa Uhlman, vice president of student success. “That allowed us to be in a very unique position to see how the effects of the pandemic were playing out in real time as compared to previous years. As you would expect, the 2020 survey results from March through December diverge significantly from prior year trends.”

 

Among those divergent trends are an increase in positive financial behaviors in the categories of saving, planning, and protecting, including:

  • A 10% increase in those with fully-funded emergency savings
  • A 12% jump in obtaining credit reports
  • A six percent increase in calculating retirement needs

 

“Across the board, we either saw surprisingly little change, or very rapid shifts – there was not a lot of in between,” says Uhlman. “Clearly, students have chosen to take action in these times of uncertainty, whether out of necessity or otherwise.”

 

Request your download of The State of Student Finances 2021: Multiyear Comparisons and Pandemic Effects research brief from Inceptia.

 

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in verification, financial aid management, financial education, and repayment wellness. For more than 35 years, Inceptia and NSLP have helped millions of students achieve their higher education dreams at schools nationwide. Our mission is to support schools in helping students learn how to pay for college, navigate financial aid, borrow wisely, and resolve their student loan repayment challenges. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students.